Pacer Trendpilot 100 ETF $PTNQ Stock Position Lessened by Foundations Investment Advisors LLC

Foundations Investment Advisors LLC reduced its stake in shares of Pacer Trendpilot 100 ETF (NASDAQ:PTNQ) by 61.5% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,893 shares of the company’s stock after selling 7,816 shares during the quarter. Foundations Investment Advisors LLC’s holdings in Pacer Trendpilot 100 ETF were worth $349,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Bank of Montreal Can acquired a new position in Pacer Trendpilot 100 ETF during the 2nd quarter valued at about $43,000. Trust Co. of Vermont bought a new position in shares of Pacer Trendpilot 100 ETF in the second quarter valued at approximately $66,000. Assetmark Inc. boosted its holdings in shares of Pacer Trendpilot 100 ETF by 494.8% in the first quarter. Assetmark Inc. now owns 2,522 shares of the company’s stock valued at $179,000 after acquiring an additional 2,098 shares in the last quarter. HBW Advisory Services LLC acquired a new position in shares of Pacer Trendpilot 100 ETF during the second quarter valued at approximately $237,000. Finally, Schmidt P J Investment Management Inc. raised its holdings in Pacer Trendpilot 100 ETF by 24.2% during the first quarter. Schmidt P J Investment Management Inc. now owns 3,363 shares of the company’s stock worth $239,000 after purchasing an additional 655 shares in the last quarter.

Pacer Trendpilot 100 ETF Price Performance

PTNQ opened at $77.44 on Thursday. The business has a 50 day moving average price of $78.39 and a two-hundred day moving average price of $73.49. The company has a market capitalization of $1.26 billion, a price-to-earnings ratio of 33.04 and a beta of 0.55. Pacer Trendpilot 100 ETF has a 1-year low of $65.21 and a 1-year high of $82.21.

About Pacer Trendpilot 100 ETF

The Pacer Trendpilot 100 ETF (PTNQ) is an exchange-traded fund that is based on the Pacer NASDAQ-100 Trendpilot index. The fund tracks an index that holds the NASDAQ-100 securities and/or 3-month US T-bills according to momentum. PTNQ was launched on Jun 11, 2015 and is managed by Pacer.